Peoples Bancorp of North Carolina (NASDAQ:PEBK) Shares Cross Below Two Hundred Day Moving Average - Here's What Happened

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK - Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $28.51 and traded as low as $28.01. Peoples Bancorp of North Carolina shares last traded at $28.29, with a volume of 11,909 shares.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Peoples Bancorp of North Carolina from a "hold" rating to a "buy" rating in a research report on Thursday, April 24th.

Peoples Bancorp of North Carolina Price Performance

The stock has a market cap of $154.46 million, a price-to-earnings ratio of 9.28 and a beta of 0.62. The company has a 50-day moving average of $27.99 and a 200-day moving average of $28.51. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.83.

Peoples Bancorp of North Carolina (NASDAQ:PEBK - Get Free Report) last issued its quarterly earnings results on Monday, April 21st. The bank reported $0.79 earnings per share (EPS) for the quarter. The firm had revenue of $20.47 million for the quarter. Peoples Bancorp of North Carolina had a return on equity of 12.65% and a net margin of 15.35%.

Peoples Bancorp of North Carolina Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Tuesday, June 3rd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.83%. The ex-dividend date was Tuesday, June 3rd. Peoples Bancorp of North Carolina's payout ratio is 26.23%.

Institutional Investors Weigh In On Peoples Bancorp of North Carolina

Several institutional investors have recently modified their holdings of the company. State of Wyoming boosted its stake in shares of Peoples Bancorp of North Carolina by 34.1% during the 1st quarter. State of Wyoming now owns 1,435 shares of the bank's stock worth $39,000 after acquiring an additional 365 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Peoples Bancorp of North Carolina by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 2,590 shares of the bank's stock worth $81,000 after acquiring an additional 564 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Peoples Bancorp of North Carolina by 3.1% during the 4th quarter. American Century Companies Inc. now owns 23,380 shares of the bank's stock worth $731,000 after acquiring an additional 695 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Peoples Bancorp of North Carolina by 35.5% during the 4th quarter. Bank of America Corp DE now owns 4,649 shares of the bank's stock worth $145,000 after acquiring an additional 1,219 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Peoples Bancorp of North Carolina by 3.2% during the 4th quarter. Northern Trust Corp now owns 39,911 shares of the bank's stock worth $1,247,000 after acquiring an additional 1,233 shares in the last quarter. Hedge funds and other institutional investors own 43.83% of the company's stock.

About Peoples Bancorp of North Carolina

Peoples Bancorp of North Carolina, Inc operates as the bank holding company for Peoples Bank that provides various banking products and services for individuals and small-to medium-sized businesses. It offers checking, savings, money market, and retirement accounts; certificates of deposits; and credit and debit cards.

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